What is the outlook for Indian Bank? I have bought this stock around ₹450. Shall I hold or book profits?

Preetha, Kochi

Indian Bank (₹625): The stock is looking quite bullish from a long-term perspective. The breakout above ₹600 made in June this year marks the end of the year-long consolidation. It also indicates that the broader uptrend is intact and a new leg of upmove has begun. From a long-term perspective, Indian Bank share price has the potential to target ₹900 and even higher.

This rise can happen over the next one or two years. Hold the stock and keep a stop-loss at ₹570 to protect some profits. Revise the stop-loss up to ₹620 when the price touches ₹740. Move the stop-loss further up to ₹780 when the share price moves up to ₹840. Exit the stock at ₹900.

I have shares of Authum Investment & Infrastructure. My average purchase price is ₹1,887. What is the outlook?

Anil Kuyilath

Authum Investment & Infrastructure (₹2,449): The stock is in a strong uptrend. But there is a strong trendline resistance coming up in the ₹2,750-2,800 region. This resistance zone can halt the current rally. There are good chances to see a reversal from here. So, that leaves the stock with limited upside from here and you may have to be careful.

Support is at ₹2,280. As long as the stock stays above this support, there are chances to see a rise to ₹2,750-2,800 first, and then a reversal can happen. Keep a stop-loss at ₹2,260, and hold the stock. Move the stop-loss up to ₹2,480 when the price goes up to ₹2,620. Exit the stock at ₹2,730.

I have shares of Restaurant Brands Asia. My purchase price is ₹155. Can the price go up again? Should I exit now?

R Srikanthan, Chennai

Restaurant Brand Asia (₹78.80): The stock is in a strong downtrend. The recent bounce from the low around ₹60 made in April this year is just a corrective rise within it. Support is at ₹74. If the stock manages to sustain above it, then a rise to ₹100 is possible. A strong and sustained break above ₹100 is needed to indicate a trend reversal, and take the share price up to ₹125-130.

But such a rise beyond ₹100 will need some strong trigger. The downtrend resumption from around ₹100 can drag the price down to ₹60, and even ₹50, in the coming months. So, it is better to accept the loss and exit stock here itself.

What is the outlook for CreditAccess Grameen ?

Ruben Thomas

CrediAccess Grameen (₹1,180.35): The outlook is turning positive. The downtrend that was in place since January 2024 has been reversed. Support is in the ₹1,085-1,050 region. Below that, ₹900-₹850 is the next strong support zone. Immediate resistance is around ₹1,285. A break above it can take CreditAccess Grameen share price up to ₹1,400 initially.

A further break above ₹1,400 can take the stock up to ₹1,600, and even ₹1,800, again. If you are a long-term investor, you can buy the stock at ₹1,120 and ₹1,080. Keep the stop-loss at ₹820. Trail the stop-loss up to ₹1,180 when the price goes up to ₹1,380. Move the stop-loss further up to ₹1,450 and ₹1,650 when the price touches ₹1,600 and ₹1,700 respectively. Exit the stock at ₹1,800.

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Published on June 14, 2025